Geode Capital Management LLC Raises Stock Holdings in Nextdoor Holdings, Inc. $KIND

Geode Capital Management LLC raised its position in shares of Nextdoor Holdings, Inc. (NYSE:KIND) by 16.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,956,527 shares of the company’s stock after buying an additional 696,604 shares during the period. Geode Capital Management LLC’s holdings in Nextdoor were worth $8,229,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Focus Partners Advisor Solutions LLC bought a new position in shares of Nextdoor during the second quarter valued at about $37,000. Farther Finance Advisors LLC bought a new position in Nextdoor during the 2nd quarter valued at approximately $46,000. US Bancorp DE raised its position in Nextdoor by 213.2% during the 1st quarter. US Bancorp DE now owns 37,900 shares of the company’s stock valued at $58,000 after purchasing an additional 25,800 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in Nextdoor by 18.0% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 42,687 shares of the company’s stock worth $71,000 after buying an additional 6,516 shares during the period. Finally, ProShare Advisors LLC grew its position in shares of Nextdoor by 16.4% in the 2nd quarter. ProShare Advisors LLC now owns 43,416 shares of the company’s stock worth $72,000 after buying an additional 6,130 shares during the last quarter. Hedge funds and other institutional investors own 35.66% of the company’s stock.

Nextdoor Stock Performance

KIND opened at $1.75 on Friday. The stock has a market capitalization of $669.53 million, a PE ratio of -7.29 and a beta of 1.19. The stock’s 50 day moving average price is $1.89 and its 200-day moving average price is $1.83. Nextdoor Holdings, Inc. has a 52-week low of $1.32 and a 52-week high of $3.00.

About Nextdoor

Nextdoor Holdings, Inc operates a neighborhood network that connects neighbors, businesses, and public services in the United States and internationally. The company enables neighbors and organizations to get information, give and get help, and build connections. It also offers advertising solutions, designs to generate value for businesses for connection and sales expansion.